---
schema_version: "secwatch.filing_event.v1"
accession: "0000033213-25-000021"
form_type: "8-K"
ticker: "EQT"
cik: "0000033213"
company_name: "EQT Corp"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:41:37.975291+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EQT Q1 adj EPS $1.18, FCF $1.04B; raises 2025 guidance; acquires Olympus for $1.8B

## Summary
- Q1 sales volume 571 Bcfe (high-end of guidance); net income $242M; adjusted net income $713M ($1.18 adj EPS).
- Generated $1,036M free cash flow attributable to EQT; net debt reduced ~$1B to $8.1B.
- Raising 2025 production guidance by 25 Bcfe to 2,200-2,300 Bcfe; lowering capex midpoint by $25M to $1,950-2,070M.
- Announced $1.8B acquisition of Olympus Energy assets: $500M cash + ~26M EQT shares; ~3.4x EBITDA multiple, ~15% FCF yield; expected close early Q3 2025.
- Pro-forma year-end 2025 net debt forecast ~$7B, below $7.5B target.

## SEC filing metadata
- accession: 0000033213-25-000021
- form_type: 8-K
- ticker: EQT
- cik: 0000033213
- company_name: EQT Corp
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33213/000003321325000021/0000033213-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33213/000003321325000021/eqt-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000033213-25-000021
- JSON: https://secwatch.observer/filing/0000033213-25-000021.json
- Plain text: https://secwatch.observer/filing/0000033213-25-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.